Quantitative Researcher
Salary

Quantitative Researchers in the United States can expect wages of $82K annually on average. Residence is the biggest factor affecting pay for this group, followed by experience level. More than half of Quantitative Researchers (67 percent) survey respondents are men. Job satisfaction for Quantitative Researchers is high. Most report receiving medical coverage from their employers and a large number collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

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Job Description for Quantitative Researcher

Quantitative researchers analyze compiled data to develop improvements to existing business models and/or develop and implement new business models. These researchers work in a variety of fields, especially in science and finance. They often collaborate with data scientists, researchers, engineers, and other experts with the shared goal of solving business challenges in a constantly changing market; these collaborative efforts are usually called a research team. Quantitative researchers are responsible for structuring and presenting the analyzed data to relevant parties within the business. Quantitative researchers generally work in an office environment in front of a computer, although work from home opportunities do exist as well (which are normally hired on a contract basis).

Educational requirements typically include an advanced degree (such as a Ph.D. or master's degree) in statistics, math, physics, engineering, economics, finance, behavioral/social science, or another relevant field. Many quantitative researchers have backgrounds in engineering, computer science, physical sciences, or mathematics. Quantitative researchers should possess excellent communication skills and the ability to participate in high-level business discussions. They must also have a strong knowledge in natural language processing, image processing, pattern recognition, and artificial intelligence, and they should be familiar with Java, C++, Fortran, Python, and Linux.

Quantitative Researcher Tasks

Identify tactics to reduce noise in data and increase rigor of analyses.

Quantitative Researcher Job Listings

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This chart shows the most popular skills for this job and what effect each skill has on pay.

Survey results suggest that Quantitative Researchers use a fairly large toolkit of professional skills. Most notably, facility with Data Modeling, Statistical Analysis, and Object Oriented Programming (OOP) are correlated to pay that is significantly above average, leading to increases of 24 percent, 9 percent, and 6 percent, respectively. At the other end of the pay range are skills like Research Analysis. Many workers who know Data Analysis also know Statistical Analysis.

Pay by Experience Level for Quantitative Researcher

Median of all compensation (including tips, bonus, and overtime) by years of experience.

For Quantitative Researchers, more experience in the field does not usually mean bigger paychecks. During their first five years in the workforce, individuals in this position earn $86K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $88K. Quantitative Researchers who work for 10 to 20 years in their occupation tend to earn about $93K. As Quantitative Researchers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $126K.